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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 51.29-5.7%9:30 AM EST
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To: Geoff Goodfellow who wrote (23909)7/29/2001 2:02:51 PM
From: elmatador   of 29986
 
I don't know if satellite business will make money. But surely it will be kept alive:

Satellite technology is defense money. During Cold War there was money to be put into the satellite business. In the future this business has to support itself.

The US may have reasons not to let this business go down the drain as Defense budget shrinks. The Iridium deal with the Defense Dept. is a case in point.

Expect to see more and more applications ported to satellite to prop this business. Boeing putting Internet into its planes is another case in point.

Expect the FCC to be protective of the satellite business: "Eight satellite companies have been awarded wireless licenses by the Federal Communications Commission, angering wireless industry players that wanted to use the radio waves instead for the next generation of cellular phone service."

GPS is all Defense money. Today we all talk about location-based services, but the GPS infrastructure is subsidized by the Dept of Defense. Expect to replace that constellation of satellite in the future. Someone will have to pay to pay for it.

hey, Geoff, you are my neighbour here in Prague, what about a couple of Pilsner in the pub one of these days?
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